Morning News Roundup

News roundup from Indian newspapers, news wires and websites on Thursday, October 04, 2012. Deals India has not verified the stories from other media organizations and does not vouch for their accuracy.

India’s Religare Securities Ltd has entered into a strategic partnership with a leading brokerage firm in the Gulf region, Mubasher Financial Services, to tap the cross-border investment opportunities. (Source: Financial Express)

Wind energy company Mytrah Energy is in talks with lenders to raise about Rs 1,400 crore to fund its expansion. It is hopeful of closing the deals with the lenders by the end of the year, according to its chairman Ravi Kailas. (Source: Financial Chronicle)

The divestment bandwagon continues to roll on. This time it is Engineers India and Power Grid Corporation – both listed firms, where the government will soon decide to offload additional stakes. The move is a part of the overall strategy that the government is attempting on this front. (Source: Money Control)

Mumbai-based Godrej Properties Ltd will raise Rs.200 crore by issuing commercial paper that will allow it to raise money from a broad set of investors at attractive rates, largely for working capital requirements. (Source: Mint)

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Deal Journal India is a one-stop destination following deals, deal-makers, private equity and venture-capital activity in India. The real-time blog is updated throughout the day with breaking news, exclusive analysis, commentary and profiles. Edited by The Wall Street Journal’s Vibhuti Agarwal, Deal Journal India features contributions from the South Asia bureaus of The Wall Street Journal and Dow Jones Newswires in Mumbai and Delhi as well as bureaus around the world. Reach our Editors at dealsindia@wsj.com or follow Deal Journal India on Facebookand Twitter.

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